A financial plan can help you to be on track and to lay down a road map for you to achieve your goals. Good credit score: It is advisable to build and maintain a good credit score as it is the need of the hour. “In an emergency, when you need cash, a credit score can help you get pre-approved loans," said Chauhan. “Since current times are unpredictable, it is vital to maintain a healthy debt-to-income ratio with your current income and not necessarily splurge on the basis of future earning potential," said Chauhan. As crisis situations are unpredictable, one can never be fully prepared for them, but following these small steps can help survive difficult times.

Source: Mint May 08, 2021 11:03 UTC